Hey CEOs: Here’s Why Your Strategic Decisions Are Falling Short

Originally written by Alex Castro for CEO World

The world has always praised leaders for their vision, innovation, and disruption. But, today, our greatest leaders are differentiated by their ability to execute. If you are a leader looking to set yourself apart by your success in execution, you first need to understand why so many strategic decisions fall short.

Where Leaders Go Wrong

Companies must integrate a readiness score (or execution capability score) as a core decision-making metric, articulating their ability to implement a strategy—no longer relying on opinion or feeling.

Leaders create a strategy, identify its potential, and largely justify their ability to realize it with biased beliefs that support their vision. Imagine a bank making a loan based solely on your loan application and financials without bothering to check your credit score. Imagine a university that looked at your high school transcripts but didn’t bother to check your SAT score. Imagine buying bonds based solely on the reputation of a municipality without ever looking at the bond rating.

When executives don’t measure their company’s ability to execute on strategies, they lack the necessary data in decision-making to avoid the debacles that slow the growth of their business and erode their return-on-invested-capital (ROIC) ratio, investor and customer confidence.

 

Full Article on CEO World
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